Global Solar Generator Market 2015-2019 - Market Analysis

Market outlook of solar generators

The solar generator is a solar-based photovoltaic (PV) system that converts the photonic energy from sunlight into electricity. These generators are economical as they require minimal operational cost and can store energy without needing to be warmed up. The rising power shortage globally and the demand for backup power will continue to drive the growth of this market. Technavio’s market research analyst predicts the solar generator market to reach USD 450 million by the end of 2019.  

The climate change crisis has increased the awareness towards the benefits of using renewable energy sources such as solar power. Governments across the globe are also providing tax advantages and incentives to make renewable energy economical for the users. These factors and growing investments in this market have led to a drop in the cost of these power systems. For instance in China, raw materials such as polysilicon, used in solar panel production, is available at very low prices. These factors are expected to fuel the growth of the solar generator market during the forecast period.

Segmentation by grid connectivity and analysis of the solar generator market

• On-grid
• Off-grid

The report predicts the off-grid connectivity segment to reach USD 388 million by the end of the forecast period. The portable nature of the off-grid generators helps in avoiding the cost of extending the utility line, and these generators can be used during emergency/power shortages and at rural worksites or greenhouses.

Segmentation by end user and analysis of the solar generator market

• Residential
• Commercial
• Industrial
• Military

Technavio’s market research analysts forecast the residential segment to account for the nearly 73% of the market share by the end of 2019. The increasing cost of electricity and the rising awareness of global warming are the key drivers to the growth of this segment.

Geographical segmentation of the solar generator market 

• Americas
• APAC
• EMEA

The Americas is predicted to account for the largest share of the solar generator market by 2019, with countries such as the US, Canada, Brazil, and Chile projected to be the significant revenue contributors. The increase in government support and the decrease in solar panel prices are the drivers fueling the growth of the market in this region. Moreover, the installed solar generators are entitled to nearly 30% federal renewable energy tax credit.

Competitive landscape and key vendors

Sunvis Solar is one of the leading providers in the solar generator market and specializes in manufacturing solar products and energy-saving lights. The company has an established presence in the power sector with its array of offerings such as solar generators, solar lighting kits, solar lantern, and solar flood light.

The top five vendors in the market are –

• Goal Zero
• Hollandia
• Altern
• Jaspak
• Sunvis Solar

Other vendors in the market include Biolite, Powerenz, Sol-man, Solarover, Solarline, and Voltaic.

Key questions answered in the report include

• What will the market size and the growth rate be in 2019?
• What are the key factors driving the solar generator market?
• What are the key market trends impacting the growth of the global solar generator market?
• What are the challenges to market growth?
• Who are the key vendors in the solar generator market?
• What are the market opportunities and threats faced by the vendors in the solar generator market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global solar generator market?

Technavio also offers customization on reports based on specific client requirement.

Related reports

• Solar Power Market in China 2015-2019
• Solar PV Market in Asia 2015-2019
• Solar Panel Market in the APAC Region 2015-2019
• Global Distributed Energy Generation Technologies Market 2015-2019
• Global Solar Panels Market 2015-2019